Chemung Canal Trust Co. Makes New Investment in VanEck Semiconductor ETF $SMH

Chemung Canal Trust Co. bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,464 shares of the company’s stock, valued at approximately $1,783,000.

Several other institutional investors have also recently made changes to their positions in the company. Abound Wealth Management boosted its position in shares of VanEck Semiconductor ETF by 4.2% during the third quarter. Abound Wealth Management now owns 848 shares of the company’s stock valued at $277,000 after purchasing an additional 34 shares in the last quarter. Smithfield Trust Co boosted its holdings in shares of VanEck Semiconductor ETF by 16.6% during the 2nd quarter. Smithfield Trust Co now owns 253 shares of the company’s stock valued at $71,000 after buying an additional 36 shares in the last quarter. Hall Capital Management Co. Inc. grew its position in shares of VanEck Semiconductor ETF by 0.3% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 12,867 shares of the company’s stock worth $3,588,000 after buying an additional 37 shares during the period. FSA Advisors Inc. grew its position in shares of VanEck Semiconductor ETF by 3.9% in the 2nd quarter. FSA Advisors Inc. now owns 1,037 shares of the company’s stock worth $289,000 after buying an additional 39 shares during the period. Finally, Welch Group LLC increased its stake in shares of VanEck Semiconductor ETF by 1.4% in the 3rd quarter. Welch Group LLC now owns 2,873 shares of the company’s stock worth $938,000 after acquiring an additional 39 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $364.21 on Tuesday. The firm has a market capitalization of $36.56 billion, a P/E ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $375.59. The company’s 50-day simple moving average is $353.80 and its 200 day simple moving average is $318.15.

VanEck Semiconductor ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $1.1047 dividend. This represents a dividend yield of 31.0%. The ex-dividend date of this dividend was Monday, December 22nd.

About VanEck Semiconductor ETF

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.